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    Casa Assignment

    Uploaded by

    Sandeep kumar

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Casa Assignment

    Uploaded by

    Sandeep kumar
    17 views1 page

    Copyright

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    17 views1 page

    Casa Assignment

    Uploaded by

    Sandeep kumar

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Q) How was banking industry helped in revamping Indian economy?

    Explain in
    details.

    Ans) Indian banking plays a very big role in the development of Indian economy.
    In today’s time, the banking sector has become most relevant for everyone.
    Through online banking, we can do our transaction from anywhere and at any
    time. The internet has made sending money and transferring funds from one
    account to another at no cost. Thus these core areas of banking have drastically
    changed the way of people with access to the internet do their banking in 2018.
    Online banking is a facility where consumers can carry out their banking task like
    paying bills, checking balances, as well do not need to carry large amount.
    Through upi payments you can pay the amount very easily.

    Apart form that Indian banking system provides financial security to the people
    by providing loans at competitive rates, paying reliable remittance services, it
    helps people to save their money and invest it in different financial instruments
    like government securities, long-terms bond etc.

    It also provide cash management policy that allows banks to provide quick cash
    and money transfers out by various business houses and a large number of
    industrial units along with financial services through money order, cash deposits
    and cash card services.

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